Alcoa Co. (NYSE:AA) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Alcoa Co. (NYSE:AA) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,979,129 shares of the industrial products company’s stock after acquiring an additional 165,420 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Alcoa worth $981,491,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Alcoa in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its position in Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 393 shares during the period. Quarry LP acquired a new position in Alcoa during the third quarter worth $43,000. Continuum Advisory LLC boosted its position in shares of Alcoa by 1,945.5% during the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after buying an additional 1,070 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Alcoa by 78.5% during the fourth quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after buying an additional 598 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Trading Down 4.4 %

NYSE:AA opened at $30.58 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. Alcoa Co. has a 1 year low of $27.12 and a 1 year high of $47.77. The stock has a market cap of $7.92 billion, a P/E ratio of -191.15, a P/E/G ratio of 0.19 and a beta of 2.55. The stock has a 50-day simple moving average of $34.75 and a 200-day simple moving average of $38.06.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. As a group, analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.31%. Alcoa’s dividend payout ratio is currently -250.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AA shares. HC Wainwright increased their target price on Alcoa to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. UBS Group dropped their price objective on shares of Alcoa from $53.00 to $47.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley cut their target price on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Finally, B. Riley raised shares of Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alcoa presently has an average rating of “Moderate Buy” and an average target price of $49.92.

Alcoa Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.